Markets

Meet Nimesh Desai Appointed as Chief Financial Officer of TechEra Engineering; Sandip Shinde Resigns TechEra Engineering (India) Limited has announced changes in its senior management, with Mr. Meet Nimesh Desai appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The appointment was made following a Board meeting held on July 14, 2026.The company confirmed that Mr. Sandip Shinde has resigned from his position as CFO and KMP. His last working day in this capacity is scheduled for July 14, 2026. Despite the resignation, Mr. Shinde will continue to serve as Finance Head of the Company, providing full support to ensure a smooth transition of the responsibilities associated with the Chief Financial...

Exato Technologies Subsidiary Enters Non-Exclusive Partnership with AmplifAI Solutions Exato.AI Inc., a wholly owned subsidiary of Exato Technologies Limited, has formalized a non-exclusive partnership agreement with AmplifAI Solutions, Inc., USA. The collaboration focuses on the sales, promotion, and marketing of AI powered solutions by AmplifAI Solutions, Inc., and involves identifying prospective customers.The agreement is set to run for an initial term of two years from the date of execution. Exato.AI Inc. will serve as a non-exclusive partner in this market expansion effort.As outlined in the partnership details, the arrangement does not stipulate any minimum business commitment or guaranteed revenue threshold. Instead, the...

DCM Shriram Fine Chemicals Holds 5th Annual General Meeting of Shareholders DCM Shriram Fine Chemicals Ltd conducted its 5th Annual General Meeting (AGM) on Tuesday, July 14, 2026. The meeting was held via Video Conferencing (VC)/Other AudioVisual Means (OAVM), with the company adhering to applicable provisions of the Companies Act and related regulations.The AGM saw the attendance of 140 members or representatives of corporate members. Mrs. Urvashi Tilakdhar, Senior Managing Director, chaired the proceedings, confirming that the requisite quorum was present. The meeting also featured Directors from various locations, including Mr. Akshay Dhar (Managing Director & CEO) and Ms. Aditi Dhar, along with independent directors and other...

Achyut Healthcare Limited Approved Scheme for Amalgamation with Zenith Healthcare Limited The Board of Directors of Achyut Healthcare Limited approved a Scheme of Amalgamation, in which the company would be absorbed into Zenith Healthcare Limited. The decision was taken at a board meeting held on July 14, 2026, following consideration of recommendations from the Audit Committee and the Committee of Independent Directors.Under the agreed-upon scheme, Achyut Healthcare Limited (the Transferor Company) will merge with Zenith Healthcare Limited (the Transferee Company). The amalgamation is planned to lead to the dissolution of Achyut without winding up. In consideration for the merger, which involves no cash payment, Zenith Healthcare...

Lemon Tree Hotels Signs Hotel in Jorhat, Expands Northeast Footprint While De-flagging Dubai Property Lemon Tree Hotels Limited has announced significant developments across its portfolio, signing a license agreement for a new property in Jorhat, Assam, marking an expansion into the cultural capital of Northeast India. The company also confirmed that the hotel previously located in Dubai will no longer be managed by the group.The newly signed Lemon Tree Hotel in Jorhat is set to feature 70 well-appointed rooms and will offer comprehensive amenities including a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness center. The property will be operated by Carnation Hotels Private Limited, a wholly-owned subsidiary of...

GIC Housing Finance Appoints Asit Kumar Nandi as Chief Compliance Officer GIC Housing Finance Limited has announced the appointment of Shri Asit Kumar Nandi as its new Chief Compliance Officer. The company's Board of Directors approved the move based on a recommendation from the Nomination & Remuneration Committee. Mr. Nandi is set to join GIC Housing Finance and will serve in the role for a term of 36 months, effective from his date of joining.The appointment comes as part of strengthening senior management personnel within the financial services firm. The company noted that the role requires expertise in regulatory compliance and risk management within the industry.Mr. Nandi brings extensive experience to the position, having...

Penalty Orders Upholding Education Cess Disallowance Against Chambal Fertilizers & Chemicals Limited Chambal Fertilizers & Chemicals Limited has provided an update regarding penalty orders passed by the Income Tax Department concerning matters related to the disallowance of various Cesses. The company confirmed receiving directions from the Commissioner of Income-tax (Appeals) on both cases.The updates cover two separate assessments, both involving penalties levied under Section 270A of the Income Tax Act, 1961 by the Assessment Unit of the Income Tax Department. Both penalty orders were upheld by the Appellate authority, and the company plans to challenge these decisions with the appropriate higher authority.Details regarding the...

ADF Foods Limited Declares Final Dividend of Rs. 0.60 Per Equity Share ADF Foods Limited has announced a recommendation for a Final Dividend on its equity shares for the Financial Year ended March 31, 2026. The dividend is set at Rs. 0.60 per equity share, representing 30% of the face value of Rs. 2/- each.The Board of Directors of ADF Foods Limited recommended this Final Dividend during its meeting held on May 13, 2026. While the recommendation has been made, the dividend is subject to final approval by Shareholders at the company's 36th Annual General Meeting (AGM), scheduled for August 12, 2026.The company noted that the dividend payment will be disbursed within 30 days from the date of declaration, provided it receives...

Power Grid Corporation Commissions Major Transmission System for Gujarat RE Zone Power Grid Corporation of India Limited has successfully commissioned a significant transmission project aimed at supporting renewable energy evacuation in the Khavda Area of Gujarat. The project, titled 'Transmission System for Evacuation of Power from potential RE zone in Khavda Area of Gujarat under Phase IV (7 GW) -Part E4', became operational effective from June 21, 2026.The commissioning marks a key development for the company and the region's energy infrastructure. The project falls under Phase IV and involves a capacity of 7 GW.In addition to the successful commissioning, Power Grid Corporation has received the relevant DOCO (Document) dated...

Viji Finance Limited Director Resigns Amid Increased Personal Commitments Sejal Riddhesh Shah, an Additional Director (Non-Executive Non-Independent Director) of Viji Finance Limited, has tendered her resignation from the company’s board. The resignation is effective as of the close of business hours on July 14, 2026.The resignation was attributed to increased personal commitments. According to statements released by the company, Mrs. Shah was unable to devote the requisite time and attention needed for the affairs of the Company and to effectively discharge her duties and responsibilities as a Director.Viji Finance Limited has confirmed that there are no other material reasons contributing to her departure beyond those stated in...

TechD Cybersecurity Limited Secures Multiple Contracts from Key Industries; Aggregate Value Reaches INR 1.57 Crore TechD Cybersecurity Limited has secured five purchase and service orders on July 14, 2026, spanning diverse high-growth sectors such as renewable energy, aviation infrastructure, shipping, agri-business, and international education technology. The successful acquisition of these contracts positions the company firmly within the managed security service provider (MSSP) market in India.The aggregate value of the five orders amounts to approximately INR 1.57 Crore (inclusive of applicable GST). These engagements include both domestic clients and an international order for services rendered abroad, highlighting TechD's...

PVP Ventures Limited Sets Record Dates for Interest Payments on Non-Convertible Debentures PVP Ventures Limited has announced the record dates pertaining to the interest payment scheduled for its Non-Convertible Debentures (NCDs). These dates are crucial for debenture holders as they determine eligibility for the upcoming interest payouts.The company provided details regarding two specific NCDs for which the record date has been set, with both payments slated for the same day.The essential details of the Non-Convertible Debentures and the associated payment timeline are presented below:S.NoISINRecord DatePayment DatePayment Type1INE362A07054Monday, 20th July 2026Tuesday, 21st July, 2026Interest Payment2INE362A07047Monday...

My Mudra Fincorp Limited Clarifies Inadvertent Transfer Error in Promoter's Shareholding My Mudra Fincorp Limited has issued a clarification regarding the transfer of equity shares held by promoter Ms. Nisha Kulshrestha, following an inadvertent operational error during a collateral transaction with Pro Fin Capital Services Limited.The company confirmed that Ms. Nisha Kulshrestha had utilized a personal loan facility aggregating to Rs. 3,50,00,000 from Pro Fin Capital Services Limited. The shares were intended as security for this loan and the agreed total transfer was 5,50,000 equity shares, to be conducted across two tranches.The transaction history and subsequent correction are detailed below:Transaction DetailShares...

Axis Bank Completes Allotment of US$100 Million 6.875% Additional Tier 1 Notes Axis Bank Limited has successfully completed the allotment of US$100,000,000 worth of 6.875% Additional Tier 1 Notes (AT 1 Notes). This issuance adds to a previous series of notes issued by the bank.The newly allotted AT 1 Notes will be consolidated into a single series along with the US$500,000,000 6.875 per cent. Additional Tier 1 Notes that were originally issued on June 30, 2026. The successful completion of the issuance and allotment aligns with applicable laws.The AT 1 Notes will be listed across key international financial platforms. They are scheduled to be listed on the Global Securities Market of the India International Exchange (IFSC) Limited...

Brigade Hotel Ventures Reports on ESG Performance in FY 2025-26, Highlighting Net Zero and Water Positivity Goals Brigade Hotel Ventures Limited (BHVL) has detailed its commitments to sustainability and corporate governance for the financial year 2025-26. Operating primarily in the hospitality sector, BHVL has reported on a wide range of environmental, social, and governance topics, setting ambitious long-term goals including achieving Net Zero emissions by 2045 and attaining Water Positivity by 2030 across its operations.The company maintains that sustainability is fundamental to long-term business resilience and stakeholder trust. BHVL's ESG strategy spans three strategic pillars: Environmental management, Social impact for...

Brigade Hotel Ventures Announces Tenth Annual General Meeting and Releases FY 2025-26 Annual Report Brigade Hotel Ventures Limited has announced its Tenth Annual General Meeting (AGM) for shareholders and made available the Annual Report for the financial year 2025-26.The company informed members that the AGM is scheduled to be held on Wednesday, August 5, 2026, at 11:00 a.m. IST. The meeting will be conducted through video conference (VC) or other audio visual means (OAVM).In conjunction with the notice for the AGM, electronic copies of the Annual Report for FY 2026 are being provided to shareholders whose email addresses are registered with the Company or the Registrar and Transfer Agents (RTA)/Depository Participants (DP)...

Axis Bank Receives Listing Approval for New US$100 Million Additional Tier 1 Notes Axis Bank Ltd has received final listing approval from major international exchanges for its issuance of Additional Tier 1 (AT 1) Notes. The bank obtained this approval for the AT 1 Notes through both the Global Securities Market of the India International Exchange (India INX) and the Debt Securities Market of the NSE IFSC Limited (NSE IX).The newly approved tranche is valued at US$100,000,000, carrying a coupon rate of 6.875%. This issuance is set to consolidate with an existing series of Additional Tier 1 Notes totaling US$500,000,000, which were initially issued on June 30, 2026.The final listing approval details relate to the AT 1 Notes and...

Prime Focus Limited’s CIRP Closed as NCLAT Orders Discharge of Lien Over Fixed Deposit The Corporate Insolvency Resolution Process (CIRP) for Prime Focus Limited has been concluded following orders issued by the National Company Law Appellate Tribunal (NCLAT). The tribunal's decision settled key aspects of the matter, including setting aside a previous order and directing the disbursement of funds to all parties involved.Referencing proceedings before the NCLAT in Company Appeal (AT) (Insolvency) No. 850 of 2026, the Tribunal closed the CIRP after considering the settlement achieved between the concerned parties and noting that no claims had been received by the In-House Resolution Professional (IRP).The written orders issued on...

Spice Lounge Food Works Secures Master Franchise for Wing Zone, Launches First Outlet in BengaluruSpice Lounge Food Works Ltd, formerly Shalimar Agencies Limited, has marked a significant milestone by securing the exclusive Master Franchise rights for Wing Zone, an internationally recognized American quick service restaurant (QSR) brand. The company confirmed that it will lead the development of the Wing Zone brand across India, overseeing restaurant operations and nationwide expansion, thereby strengthening its vision to become one of India's leading multi-brand QSR companies.The launch heralded by this partnership brings a globally acclaimed food favorite to the Indian market. Spice Lounge Food Works Ltd is now responsible for...

Sunil Kumar Singh Resigns from EPack Prefab Technologies as Vice President - Sales & Business Development EPack Prefab Technologies Limited has announced the resignation of Mr. Sunil Kumar Singh from his position as Vice President - Sales & Business Development and Senior Management Personnel (SMP). The transition is effective from the close of business hours on July 14, 2026.The company, which was previously known as EPACK Prefab Technologies Private Limited and EPACK Polymers Private Limited, confirmed that Mr. Singh tendered his resignation, noting that his tenure with the organization spanned nine years.Mr. Sunil Kumar Singh stated that he decided to pursue new opportunities aligning closely with his career aspirations. He...